In global markets, all eyes are on the US Jobs report later on Friday. Investors will dissect the data to understand the federal reserve's rate path. The payroll data is crucial to determine what the fed does at its meeting on September 18th.

Global Markets: Wall Street's big bet on jumbo Fed cuts hangs on jobs report

What was big in the 1990s, collapsed in the late 2000s, but staged a surprise resurgence after many years of absence? Interest rates. Central banks are looking back to the 1990s as they face the question of how far and fast rates need to fall. And not everyone is reaching the same conclusion. This next report aims to understand what to watch in the week ahead.

How far and fast interest rates need to fall?

Week ahead: Back to the 90s?

Let's look at Wion's monthly global economic health check. First, we will deep dive into how global markets performed in August. Oil fell 1.4%, with the benchmark Brent crude trading below $80 per barrel as the demand outlook shows a significant slowdown despite an increase in West Asia tensions and supply worries. Gold closed out the month near record highs as the Federal Reserve announced a crucial pivot to policy easing earlier in August. The so-called digital Dollar, or Bitcoin, lost its shine in August, down nearly 8 per cent.

Wion's monthly global economic health check | World Business Watch | WION News

We look at how markets opened this morning. Asian stocks edged higher, tracking a reversal in wall street benchmarks. Investors also brace for pivotal events at the federal reserve and the bank of japan, which will shape the future of global interest rates.

Global markets roundup: Asian stocks climb ahead of Jackson Hole

A group of shareholders has filed a lawsuit in the United States against Stellantis, claiming the European-American automaker defrauded them by concealing rising inventories and other weaknesses before it posted disappointing earnings, causing its stock price to fall.

According to the Thursday complaint filed in Manhattan federal court, Stellantis artificially inflated its stock price for much of 2024 by making "overwhelmingly positive" assessments about inventories, pricing power, new products, and operating margin.

Investors said the real situation came to light on July 25 when Stellantis announced first-half adjusted operating income down 40 per cent at 8.46 billion euros ($9.28 billion), missing the 8.85 billion euros that analysts had expected.

"This lawsuit is without merit and the company intends to vigorously defend itself," Stellantis said in an emailed statement to Reuters.

Stellantis also said its adjusted operating income margin fell below its double-digit full-year target.

Its US-listed shares fell $1.94, or 9.9 per cent, to $17.66 over the two trading days following the announcement.

Also named as defendants are Chief Executive Carlos Tavares and Chief Financial Officer Natalie Knight.

Stellantis was created in 2021 from the merger of Fiat Chrysler and France's PSA. Its 14 brands also include Alfa Romeo, Citroen, Dodge, Jeep, Maserati, Opel, Peugeot, Ram and others.

Shareholders often sue companies in the United States following unexpected declines in their stock prices.

Thursday's lawsuit seeks damages of an unspecified amount for shareholders from Feb. 15 to July 24, 2024.

A lawyer for the shareholders did not immediately respond to requests for comment.

Stellantis shares closed up 1.7 per cent at $15.84 on Thursday in New York.

Last week, Stellantis said it may cut up to 2,450 jobs in the suburban Detroit truck assembly plant as production of the Ram 1500 Classic truck winds down.

The case is Long v Stellantis NV et al, US District Court, Southern District of New York,&nbsp;No.&nbsp;24-06196.

A group of shareholders has filed a lawsuit in the United States against Stellantis, claiming the European-American automaker defrauded them by concealing rising inventories and other weaknesses before it posted disappointing earnings, causing its stock price to fall.

A group of shareholders has filed a lawsuit in the United States against Stellantis, claiming the European-American automaker defrauded them by concealing rising inventories and other weaknesses before it posted disappointing earnings, causing its stock price to fall. According to the Thursday complaint filed in Manhattan federal court, Stellantis artificially inflated its stock price for much of 2024 by making "overwhelmingly positive" assessments about inventories, pricing power, new products, and operating margin. Investors said the real situation came to light on July 25 when Stellantis announced first-half adjusted operating income down 40 per cent at 8.46 billion euros ($9.28 billion), missing the 8.85 billion euros that analysts had expected. "This lawsuit is without merit and the company intends to vigorously defend itself," Stellantis said in an emailed statement to Reuters. Stellantis also said its adjusted operating income margin fell below its double-digit full-year target. Its US-listed shares fell $1.94, or 9.9 per cent, to $17.66 over the two trading days following the announcement. Also named as defendants are Chief Executive Carlos Tavares and Chief Financial Officer Natalie Knight. Stellantis was created in 2021 from the merger of Fiat Chrysler and France's PSA. Its 14 brands also include Alfa Romeo, Citroen, Dodge, Jeep, Maserati, Opel, Peugeot, Ram and others. Shareholders often sue companies in the United States following unexpected declines in their stock prices. Thursday's lawsuit seeks damages of an unspecified amount for shareholders from Feb. 15 to July 24, 2024. A lawyer for the shareholders did not immediately respond to requests for comment. Stellantis shares closed up 1.7 per cent at $15.84 on Thursday in New York. Last week, Stellantis said it may cut up to 2,450 jobs in the suburban Detroit truck assembly plant as production of the Ram 1500 Classic truck winds down. The case is Long v Stellantis NV et al, US District Court, Southern District of New York, No. 24-06196.

Shareholders accuse Stellantis of stock price deception after disappointing earnings

Monday saw a rise in Asian stock prices as investors looked to this week's crucial US inflation data for fresh clues about the state of the world's largest economy. The Yen has fallen further after touching a seven-month high last week.

Will the FED make quick, sharp rate cuts?

The rollercoaster ride in global financial markets continues. After a meltdown on Monday, world stocks are on track for gains for a second consecutive day.

Japan's $1.1 trillion stock meltdown rewrote record books

Asian stocks rise as BOJ eases rate worries

Stock markets are tumbling globally with Japanese shares as one point exceeding their 1987 Black Monday loss. While European Shares near six-month lows. Our next report decodes how the fears of a US recession sent investors fleeing from risk while deciding that rate cuts would be needed to rescue growth. Japan's Nikkei 225 share index plunged as much as 10% on Monday, driven by heavy selling amid concerns that the U.S. economy may be in worse shape than previously expected. Watch in for more details!

US unemployment data triggers 'Sahm rule recession' warning

In other global news.. BYD.. Chinese automaker has hit a milestone in its second quarter earnings, breaking records in electric and hybrid plug-in vehicle sales

BYD's record earnings in June quarter

Amazon has crossed a historic threshold. The e-commerce giant's market capitalization surpassed 2 trillion dollars for the first time on Wednesday. This achievement places amazon among an elite group of companies, joining apple, Microsoft, alphabet, and Nvidia in the 2 trillion dollar club.

Amazon market cap surpasses $2 trillion for first time

Now, we turn our attention to a silent bull run in the Pakistani stock market. There appears to be more legs to the bull run in Pakistani stocks, which could be an indication of better economic conditions. This bolsters the outlook for Asia's best-performing market this year, beating Indian stocks at all-time highs. Take a look at this report for more...

Pakistan's stock rally leads in Asia with more gains seen

Now we look at who benefitted the most from the rout in Nvidia's 3-day loss of 430 billion dollars. While Nvidia recovered strongly to gain 7% overnight, the steep selloff in the AI darling's shares over the three sessions before Tuesday has netted short sellers about 5 billion dollars. That is based on Ortex technologies, a data analytics company. Take a look at this report for more...

Nvidia's 3-day slump brings windfall profits for short sellers

We look at how markets opened this morning after a selloff on Wall Street overnight. Asian stocks edged higher to defy a mixed day on Wall Street as speculation gained that the tech sector rally may be running out of steam. Watch in for more details!

Asian stocks edged higher to defy the Wall Street selloff

Now, we turn our attention to Japan's warning of intervention to support the weakening yen at the start of the week. As the week begins with inflation data that could influence bets on the future of global interest rates, an index of Asian currencies fell for a third consecutive day. Despite Japan's top currency official increasing his rhetoric of intervention, the yen remained stable.

Investors eye Asian currencies as Japan warns on Yen

Watch top headlines of the hour: - India: New session of Parliament begins - Netanyahu 'ready for a partial deal' - Dagestan synagogues, churches attacked - Saudi Arabia registers 1,301 pilgrim deaths - Indian stocks recover

WION Headlines | Indian stocks recover | Saudi Arabia registers 1,301 pilgrim deaths

The volatility in Indian stocks near record highs. Weak global cues weighed on India stocks, with benchmark indices ending Friday in the red.

India: Sensex & Nifty turn volatile near all-time highs

NVIDIA's meteoric rise to become the world's most valuable company under the leadership of Jensen Huang is a tale of vision, perseverance, and unconventional wisdom. Founded in 1993, NVIDIA began its journey by developing graphics processing units that revolutionised the gaming industry. With his relentless focus on innovation, Huang steered the company through various technological waves.

How Nvidia rose to the top of Wall Street

Chinese electric vehicle giant BYD's shares continue to gain, defying a recent trend of Berkshire Hathaway paring back its holdings. Warren Buffett's firm shed another 1.3 million shares of BYD'S Hong Kong-listed stock recently, bringing its stake down to 6.9%. This follows previous sales throughout 2022 and 2023.

BYD surges despite Buffett’s stake sale

We look at the record rally in Indian stocks, which has taken the market value to above 5 trillion dollars. With global cues pointing to more gains for record-high Indian stocks, traders are expected to come out all guns blazing after the market holiday on Monday on account of Eid Al Adha.

Global cues point to more gains for Indian stocks

Now, let's look at how markets opened this morning. Asian markets rose in early trade on Tuesday, tracking a surge in several major technology companies, which propelled US Stocks to yet another all-time high.

Asian stocks rise tracking record US Rally

We look at the record rally in Indian stocks, marking a strong recovery from election results day loss. However, the volatility has also been high, with global cues pointing to weakness in world stocks on Monday.

India's Nifty hit a record every single day last week

A key component of India’s growth story in the past decade has been the inflow of foreign investments. As Modi heads into his 3rd term as the prime minister --what do key global investors think of India’s growth story? What are the key sectors in demand? Take a look at this report for more…

Investors: India a top choice for global investors seeking growth

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